The announcement, posted on Trump’s Truth Social, came just days after Cook stated she would not resign from the seven-member Fed board.
President Donald Trump has fired Federal Reserve Governor Lisa Cook late Monday night, citing allegations of mortgage fraud in a surprise move that marks a significant escalation in his efforts to exert control over the traditionally independent central bank.What To Know
The announcement, posted on Trump’s Truth Social, came just days after Cook stated she would not resign from the seven-member Fed board despite Trump’s previous calls for her departure.
